The last asset divestiture, ams Osram sells entertainment lighting business

On December 20, ams-Osram announced that the company had reached a final agreement to sell its entertainment lighting business Clay Paky to the German film and photography equipment manufacturer ARRI.

ams Osram stated that through this agreement, the company has implemented the last asset divestiture after the acquisition of Osram, and has made milestone progress in the implementation of the strategy of focusing on core technology areas such as light sources, visualization and sensing, and divesting non-strategic core businesses. In the future, ams Osram will continue to focus on its high-tech semiconductor business and its automotive and special lighting businesses.

Previously, ams-Osram has successively sold its LED drive power supply, intelligent lighting, plant lighting, automotive lighting, and architectural lighting application businesses.

Information shows that Clay Paky, the entertainment lighting business sold this time, was founded in 1976 and is headquartered in Seriate, Italy. It is the world's leading professional high-end entertainment lighting supplier. In 2014, Clay Paky was acquired by Osram.

Clay Paky continues to strengthen its technological leadership in the entertainment lighting industry through the expansion of its LED and laser technology product portfolio. Its innovative product portfolio includes moving body and moving mirror projectors, color-changers, followspots, projectors and various lighting effect products. As a result, Clay Paky is a key partner for many well-known entertainers, large-scale events and theaters.

As the acquirer of ams-OSRAM's digital lighting business, ARRI is headquartered in Munich, Germany, focusing on the film, broadcast and media industries. It is a designer and manufacturer of camera and lighting system solutions with distribution and service networks all over the world.

ARRI CEO said that Clay Paky enjoys a high reputation in the entertainment lighting market, and ARRI is recognized as a first-class manufacturer in the field of film and broadcast lighting. The acquisition of Clay Paky is a strategic long-term investment for the company in the lighting business. ARRI CEO added that the businesses of the two companies are perfectly aligned, and in the future, the two brands can further expand their respective businesses under the leadership of the unified parent company.

The Executive Vice President of ams Osram Digital Business Unit said that ARRI is an ideal new destination for Clay Paky’s team. ARRI’s global presence, strong technology and market understanding will provide Clay Paky and its customers with attractive long-term development prospects.